Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

Spectrum Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes oncology drug products.

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Axalta Coating Systems

Market Cap: US$6.8b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Monash IVF Group

Market Cap: AU$272.7m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.6b

Manufactures and sells steel structures and supporting products in China and internationally.

Cheil Worldwide

Market Cap: ₩2.0t

Provides various marketing solutions worldwide.

Sinoma International EngineeringLtd

Market Cap: CN¥23.5b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Summerset Group Holdings

Market Cap: AU$2.6b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

Hu Lane Associate

Market Cap: NT$16.3b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

Beijing New Building Materials

Market Cap: CN¥43.5b

Manufactures and sells building materials in China and internationally.

Sasseur Real Estate Investment Trust

Market Cap: S$894.7m

Invests in a portfolio of real estate and related assets.

True Corporation

Market Cap: ฿393.9b

Provides telecommunications and value-added services in Thailand.

China Overseas Property Holdings

Market Cap: HK$17.1b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

SK

Market Cap: ₩11.1t

Engages in advanced materials, energy, life sciences and biopharmaceuticals, and digital businesses.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.8b

Engages in the manufacture and sale of pharmaceutical raw materials, and food and feed additives under the Star Lake and Yue Bao brand names in China and internationally.

Vardhman Textiles

Market Cap: ₹120.4b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

Tsingtao Brewery

Market Cap: HK$85.4b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

WemadeLtd

Market Cap: ₩921.3b

Develops and publishes games in South Korea and internationally.

Miura

Market Cap: JP¥328.6b

Produces and sells boilers in Japan and internationally.

Acrow

Market Cap: AU$315.7m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Trajan Group Holdings

Market Cap: AU$135.6m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

China Mengniu Dairy

Market Cap: HK$58.1b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

Huali Industrial Group

Market Cap: CN¥60.7b

Engages in the design, development, production, and sale of sports footwear in China and internationally.

Horizon Construction Development

Market Cap: HK$4.0b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

Aeon (M) Bhd

Market Cap: RM 1.8b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

LX Semicon

Market Cap: ₩850.6b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Gansu Shangfeng CementLtd

Market Cap: CN¥8.1b

Manufactures and sells building materials, and cement and cement clinker products in China.

Middle East Healthcare

Market Cap: ر.س5.3b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Sinoma International EngineeringLtd

Market Cap: CN¥23.5b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Hyosung TNC

Market Cap: ₩934.3b

Manufactures and sells fiber in South Korea and internationally.

REC

Market Cap: ₹968.5b

Engages in the provision of financing services for power generation, transmission, and distribution projects in India.

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.2b

Beijing Urban Construction Investment & Development Co., Ltd.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.3b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

ANE (Cayman)

Market Cap: HK$9.6b

An investment holding company operates an express freight network in the less-than-truckload (LTL) market in China.

Carlsberg

Market Cap: US$108.6b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Hangzhou Binjiang Real Estate GroupLtd

Market Cap: CN¥31.9b

Provides real estate development services in China.